임직원 근로조건과 기업생존 (Working Conditions and Firm Survival)

서지정보

· 발행기관 : 강원대학교 경영경제연구소
· 수록지 정보 : 아태비즈니스연구 / 9권 / 4호 / 157 ~ 180페이지
· 저자명 : 조승모

초록

This paper empirically analyzes how working conditions of employees and executives affectKorean companies’ survival. To this end, a survival analysis based on the accelerated failuretime model is conducted from the end of December 2012 to the end of September 2018 onthe 2012 year-end financial data for corporations whose common stocks have ever been listedeither in the KOSPI market or in the KOSDAQ market with fiscal year ending at the end ofDecember. The analysis shows that the average wage level per employee and the number ofexecutives relative to the number of employees threaten while the average duration of servicefor female employees prolongs firm survival. Here, the average wage level per employee hasturned out to worsen firm survivability regardless of the gender of employees in questionwhile the average duration of service improves firm survivability only in case the employeesare female: the average duration of service for male employees or the entire employees hasturned out not to have any statistically significant influence on firm survival. The averagecompensation per executive and the percentage of temporary employees have turned out not tohave any statistically significant influence on firm survival while the percentage of femaleemployees has shown statistically significant positive influence on firm survival in some,although not all, models employed in our study. These results are expected to be a goodreference in the course of our reaching agreements regarding the improvement of workingconditions either between firms and employees or among the members of the entire society.

영어초록

This paper empirically analyzes how working conditions of employees and executives affectKorean companies’ survival. To this end, a survival analysis based on the accelerated failuretime model is conducted from the end of December 2012 to the end of September 2018 onthe 2012 year-end financial data for corporations whose common stocks have ever been listedeither in the KOSPI market or in the KOSDAQ market with fiscal year ending at the end ofDecember. The analysis shows that the average wage level per employee and the number ofexecutives relative to the number of employees threaten while the average duration of servicefor female employees prolongs firm survival. Here, the average wage level per employee hasturned out to worsen firm survivability regardless of the gender of employees in questionwhile the average duration of service improves firm survivability only in case the employeesare female: the average duration of service for male employees or the entire employees hasturned out not to have any statistically significant influence on firm survival. The averagecompensation per executive and the percentage of temporary employees have turned out not tohave any statistically significant influence on firm survival while the percentage of femaleemployees has shown statistically significant positive influence on firm survival in some,although not all, models employed in our study. These results are expected to be a goodreference in the course of our reaching agreements regarding the improvement of workingconditions either between firms and employees or among the members of the entire society.

참고자료

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